News

The haul is believed to be one of the most significant archaeological finds ever in Namibia Dieter Noli The wreckage of a 500-year-old Portuguese ship filled with gold coins has been unearthed by miners in a Namibian desert. The haul was discovered by diggers from diamond company De Beers and …

Aim-listed Alecto Minerals on Monday said 2015 had proved to be a turning point for the group as it transitioned from an explorer to developer after acquiring the Matala and Dunrobin gold mines, in Zambia. A “clear path” to production was being established in Zambia, with the Africa-focused gold and …

THE mining industry remains dear to the hearts of Zambians because it is the blood-line through which our country’s economy thrives. While as a country we realise the need to reduce dependence on copper exports as a source of foreign exchange, by diversifying the economy, the fact still remains that …

Mining is poised to receive a spinoff benefit from Monday’s announcement that the power grid in Zambia is to be boosted by a $60-million investment. In this latest transaction, Standard Chartered bank has partnered with the United States Agency for International Development (USAID) to provide a long-term loan to the …

Member states of the Southern African Development Community (SADC) plan to commission new power projects that will add 3059 megawatts of electricity this year as the region targets to ensure that it meets its energy needs by 2020. According to the Southern African Power Pool (SAPP), which coordinates the planning, …

A legal claim on behalf of 1 826 Zambian villagers against global diversified metals and mining company Vedanta Resources and its Zambian subsidiary Konkola Copper Mines (KCM) has been given the go-ahead by a High Court judge to proceed in the UK courts. The judgment, handed down on Friday by …

Crane and hoist manufacturer Condra intends to focus on the continued supply of high-quality, robust and reliable products and lowering the overall lifetime maintenance costs of these products to foster a sustainable competitive advantage while miti- gating the major challenges currently faced by the South African materials handling industry. Condra …

Despite sluggish global commodity prices that continue to cause an ongoing slump in the mining industry – skills transfer and job creation have been empowering local employees at the Mopani Copper Mine in Zambia, thanks to a joint venture between Redpath Mining SA and Rig Resources Zambia. Since officially entering …

The new proposed changes to the Mineral Royalty Tax (MRT) regime will enhance the collection of mineral revenue by the government rather than compromise it, Chamber of Mines president Nathan Chishimba said recently. Chishimba was reacting to a media statement issued by a consortium of civil society organisations advising government …

There is a direct correlation between the market size of contract mining and the commodities cycle/prices and investment patterns in capital projects Historically, mining was a highly protected industry and had a low propensity for outsourcing, but more operations are being outsourced across Africa, says global consultant and adviser Deloitte. …